Cisco Stock Analysis

Cisco shares fluctuate near the historic highs of last week as positive momentum remains and tries to push the price higher.

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic gives an early indication of the possibility of a cross between its lines and thus the trend to the upside again

It should be noted that there may be a strong correction movement as a result of profit taking on the price, pushing the price down towards the support level 49.51

The general trend of the movement is bullish